Titan America SA (NYSE:TTAM) Receives Consensus Rating of “Hold” from Analysts

Titan America SA (NYSE:TTAM) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.0833.

A number of research analysts have commented on TTAM shares. Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. Jefferies Financial Group upped their price target on shares of Titan America from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Sanford C. Bernstein lifted their price objective on shares of Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Finally, Citigroup boosted their price objective on shares of Titan America from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th.

Institutional Investors Weigh In On Titan America

A number of institutional investors have recently added to or reduced their stakes in TTAM. American Century Companies Inc. grew its stake in Titan America by 16.5% in the second quarter. American Century Companies Inc. now owns 5,823,647 shares of the company’s stock valued at $72,679,000 after purchasing an additional 823,900 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Titan America by 3.5% during the fourth quarter. River Road Asset Management LLC now owns 3,856,334 shares of the company’s stock valued at $63,552,000 after buying an additional 128,624 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Titan America by 7.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,417,804 shares of the company’s stock valued at $56,325,000 after buying an additional 230,943 shares in the last quarter. Voss Capital LP grew its position in shares of Titan America by 51.6% in the 4th quarter. Voss Capital LP now owns 2,600,000 shares of the company’s stock worth $42,848,000 after buying an additional 885,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Titan America by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,424,738 shares of the company’s stock worth $35,886,000 after buying an additional 18,448 shares during the last quarter.

Titan America Price Performance

TTAM opened at $15.61 on Monday. The company has a market capitalization of $2.88 billion and a price-to-earnings ratio of 15.76. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. Titan America has a 12-month low of $10.80 and a 12-month high of $19.42. The business’s fifty day simple moving average is $17.63 and its 200-day simple moving average is $16.31.

Titan America Announces Dividend

The business also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Wednesday, December 17th were issued a $0.04 dividend. The ex-dividend date was Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is currently 16.16%.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).